Press Releases
CANYON-JOHNSON URBAN FUNDS HIRES NEVILLE RHONE AS VICE PRESIDENT
Executive will focus on acquisitions and existing investments
LOS ANGELES (February 23, 2005)- The Canyon-Johnson Urban Funds (CJUF) announced today that real estate executive Neville Rhone has joined the company as Vice President. Mr. Rhone, who brings more than a decade of experience in finance and real estate investing, will be primarily responsible for identifying and overseeing new acquisition opportunities as well as providing oversight of existing investments.
"Neville brings an extensive background in acquisitions, finance and investment banking to Canyon-Johnson," said Bobby Turner, CJUF's managing partner. Added Earvin "Magic" Johnson, "Neville joins an already great team that is actively seeking strategic acquisitions and developments in urban markets throughout the country."
Prior to joining Canyon, Mr. Rhone was a Vice President with Morgan Stanley Real Estate. In this position, he executed transactions for Morgan Stanley Real Estate Funds (MSREF) and the Investment Banking Division. Prior to Morgan Stanley, Mr. Rhone was an Associate with Tishman Realty Corporation, an international real estate developer and investor. At Tishman, he was responsible for overseeing developments and underwriting investment opportunities in the hospitality industry.
Mr. Rhone is a graduate of Cornell University (B.S. and Masters of Engineering in Civil Engineering) and Columbia Business School (M.B.A. - finance concentration).
About CJUF
The Canyon-Johnson Urban Funds (CJUF) are managed by Canyon-Johnson Realty Advisors LLC, a partnership between Canyon Capital Realty Advisors LLC and Johnson Development Corporation. The Funds' investment strategies are to identify, enhance and capture value through the development, redevelopment, acquisition and repositioning of urban real estate and the origination of mortgages secured by urban real estate. In addition to meeting its investment objectives, the Funds are committed to providing and fostering economic opportunities for the underserved residents of the urban neighborhoods in which it invests.
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Media Contact:
Steve Sugerman
310-689-7535
steve@sugermangroup.com
www.sugermangroup.com
